LaFleur Minerals Files a PEA Supporting Restart of Gold Production at the Beacon Gold Mill in Quebec
LaFleur's PEA for the Beacon mill is typical junior miner theater. These restart projects sound impressive but rarely deliver meaningful production volumes that affect global supply dynamics. Quebec has decent mining infrastructure, but small operations like this are more about creating shareholder excitement than adding real ounces to market supply. The math usually works on paper until reality hits operating costs and grade assumptions. Physical stackers shouldn't expect this to pressure spot prices downward. If anything, the continued focus on marginal projects highlights how difficult new large-scale production has become. Major miners aren't finding elephant deposits anymore. That supply constraint thesis remains intact while central banks keep buying 1000+ tonnes annually.